Kumba Iron Ore (OTCMKTS:KIROY) Stock Price Up 8.6% – Still a Buy?

Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report)’s stock price rose 8.6% on Wednesday . The stock traded as high as $8.04 and last traded at $8.04. Approximately 401 shares were traded during trading, a decline of 96% from the average daily volume of 10,995 shares. The stock had previously closed at $7.40.

Kumba Iron Ore Price Performance

The business’s 50-day moving average is $7.17 and its two-hundred day moving average is $6.52.

Kumba Iron Ore Company Profile

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Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.

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